Introduction to ZRX Token
The ZRX token serves as the native cryptocurrency powering the 0x Protocol ecosystem. Launched on August 17, 2017, it has a fixed total supply of 1,000,000,000 ZRX. As an ERC-20 utility token, ZRX plays a dual role in the decentralized exchange (DEX) protocol:
- Transaction Fee Payment: Users pay ZRX to Relayers (liquidity providers) for trade execution services.
- Governance Mechanism: Token holders participate in decentralized decision-making for protocol upgrades.
How 0x Protocol Works
0x is an open-source protocol built on Ethereum smart contracts, enabling:
- Trustless peer-to-peer trading of ERC-20 tokens
- Hybrid "off-chain order relay + on-chain settlement" architecture
- Reduced gas fees and improved scalability versus fully on-chain DEXs
👉 Discover how 0x compares to other DeFi protocols
Foundational Team Behind 0x Protocol
| Role | Name | Background |
|---|---|---|
| Co-Founder & CEO | Will Warren | Former applied physics researcher at Los Alamos National Lab |
| Co-Founder & CTO | Amir Bandeali | Ex-DRW fixed income trader |
| Senior Engineer | Fabio Berger | Full-stack blockchain developer |
ZRX Market Performance Snapshot
- Current Price: $0.22004 (4.5% 24h decrease)
- Market Cap: $186.67M (#83 on CoinMarketCap)
- Circulating Supply: 848.396M ZRX
- 24h Trading Volume: $24.11M
Key Historical Milestones
2017
- Protocol whitepaper release
- Successful ICO raising $24M
- First Relayer integrations
2018
- v2 protocol upgrade
- Major exchange listings
2020-Present
- DeFi ecosystem expansion
- Multi-chain deployment
👉 Explore ZRX's latest technological developments
Frequently Asked Questions
Q: What makes 0x Protocol unique among DEX solutions?
A: Its hybrid architecture balances security with efficiency by separating order matching from settlement.
Q: How does ZRX token appreciation occur?
A: Value accrues through protocol usage (fee demand) and governance participation.
Q: Can ZRX be staked for rewards?
A: Yes, through liquidity provisioning and governance delegation in supported platforms.
Future Outlook
The 0x ecosystem continues evolving with:
- Cross-chain interoperability enhancements
- Improved liquidity aggregation
- Institutional-grade trading tools
All data current as of last network update. Always verify metrics with official sources.
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